Utah Associations

Salt Lake City, UT · Charter 67166

Q4 1998

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 1998, the quarter ended December 31, 1998, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Salt Lake City, UT · Charter 67166

Q4 1998

$6.3MAssets

$4.5MLoans

$5.5MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

4.86%-4 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	4.91%	4.72%	4.85%	4.63%	4.86%	-4 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	-1.96%	0.08%	5.71%	16.95%	20.65%	+2,261 bps
Loan Growth (YoY)	36.07%	29.49%	23.40%	5.59%	-6.36%	-4,243 bps
Share Growth (YoY)	-5.38%	-3.29%	2.88%	15.75%	20.48%	+2,586 bps
Asset Quality
Delinquent Loans / Loans	0.69%	0.76%	0.67%	1.06%	0.98%	+28 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.89%	0.69%	0.96%	0.82%	0.83%	-6 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	105.10%	100.20%	103.14%	78.76%	81.69%	-2,341 bps
Liquid Assets / Assets	6.32%	10.65%	9.27%	29.34%	0.00%	-632 bps